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Major stock and bond markets will close on Monday in observance of Martin Luther King Jr. Day. Monday will also bring a presidential inauguration.

Some of Big Tech’s top leaders will be heading to Washington, D.C. soon to attend President-elect Donald Trump’s inauguration on Monday. Among them are Jeff Bezos, whose Blue Origin finally launched its New Glenn rocket into orbit this week, and Meta CEO Mark Zuckerberg, who is reportedly planning to cut 5% of the tech giant’s workforce as part of “an intense year.”

(Bloomberg) -- Chinese stocks had their best week in more than three months as sentiment improved following signs of easing external tensions and a recovery in domestic demand. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunWill Americans Ever Lose Their Taste for Telework?In a City of Sprawl, Wildfire Evacuation Is Getting HarderThe Hang

Nearly 50% of Gen Z plan on purchasing goods through a social media platform this year, according to a report from Sprout Social.

(Bloomberg) -- Donald Trump’s return to the White House will likely protect US stocks from a big selloff, according to Bank of America Corp. strategists, as investors focus on his protectionist agenda and proposals for lower corporate taxes.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Scaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn

(Bloomberg) -- Individual Japanese investors welcomed the first trading week of the year by snapping up the largest amount of the nation’s stocks in nine months.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Scaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting HarderUndeterred by declines o

Investors who had been enjoying a brief rebound in long-suffering UK markets are hunkering down for a stretch of losses as ructions in the pound, government bonds and stocks feed on each other and put Britain at risk of a wave of hedge fund attacks. As global borrowing costs rise in a trend led by the U.S. Treasury market, the UK's high-debt, low-growth economy that just months ago appeared to be shrugging off years of post-Brexit gloom is now viewed as vulnerable to capital flight. Traders now expect months of volatility for the pound, which ended 2024 as the top-performing major currency against the dollar due to optimism that the Labour Party's landslide July election win marked the end of years of political instability.